Cannabis Predictions for 2018

8 Predictions for Cannabis in 2018

As the marijuana industry continues to grow state by state, adding businesses, jobs and revenue, 2018 is poised to be the biggest year in the history of marijuana in America, and beyond.

Here are 8 trends that will be huge in 2018:

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Governor Phil Scott (R) signed into law House Bill 511

Vermont Makes History by Legalizing Marijuana Through a Legislative Process

Vermont made history today by becoming the first state to legalize recreational marijuana through a legislative process, as opposed to voter initiative. Vermont Governor Phil Scott (R) signed into law House Bill 511, which makes it legal for adults over 21 to possess up to one ounce of cannabis or five grams of hash, and removes penalties for possession and cultivation of up to two mature marijuana plants and up to four immature plants and home. Read more

2017 Year in Review

2017 has been a tremendous year for the cannabis industry, leaving us with a lot to be thankful for this holiday season. Tax revenue from retail marijuana sales is supporting state infrastructure and education, marijuana arrests are down nationally, cannabis technology companies across all verticals are seeing increased traction and investment, and more Americans than ever are in favor of marijuana legalization and regulation. 

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Bitcoin, Blockchain and Cannabis

Almost ten years ago, bitcoin fueled the dark web, where illegal drugs and illicit goods were sold on the Silk Road black market. Today, blockchain technology could bring much needed transparency, legitimacy, and security to the legal cannabis industry. Here’s how:  Read more

Cannabis Vaping is on the Rise

Portable cannabis vaporizers are revolutionizing the cannabis consumption experience. Thanks to their greater ease of use, convenience, and health benefits they are driving veteran and new cannabis consumers towards growth in vape adoption. Read more

Big Tobacco Eyes the Lucrative Cannabis Industry

While their industry remains illegal on a federal level, many marijuana growers and retailers fear something completely different: Big Tobacco. Large tobacco companies have garnered expertise in lobbying, marketing, and manufacturing that have huge implications for competition within the cannabis industry. With estimated total revenue of $45B Cannabis sales are above both wine and chocolate consumption. Bloomberg Intelligence analyst, Ken Shea spoke of this as “an extremely compelling opportunity for the tobacco companies to look at closely.” Read more

Colorado Credit Union Goes National to Solve Cannabis Banking Problem

Due to the federal government’s stance on cannabis (schedule I drug), most cannabis business owners operate without access to traditional banking services. A Colorado-based credit union may have the solution. They have created software that allows for secure cannabis banking and are creating a network of financial institutions that are looking to cash in on cannabis banking. Read more